Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) Shares Shorted: Short Interest Up 97.2% in October

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 102,580 shares, a growth of 97.2% from the September 30th total of 52,031 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 382,996 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

A number of brokerages have issued reports on HXGBY. Citigroup reiterated a “neutral” rating on shares of Hexagon in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Hexagon Stock Up 1.4%

Shares of Hexagon stock traded up $0.16 during trading on Monday, hitting $11.20. 18,451 shares of the stock were exchanged, compared to its average volume of 515,415. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 1.29. The firm’s 50-day moving average price is $10.20 and its 200 day moving average price is $10.17. The stock has a market cap of $30.07 billion, a price-to-earnings ratio of 24.89 and a beta of 1.40. Hexagon has a 12-month low of $8.00 and a 12-month high of $12.52.

Hexagon (OTCMKTS:HXGBY) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Hexagon had a return on equity of 9.95% and a net margin of 22.96%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, analysts forecast that Hexagon will post 0.34 earnings per share for the current fiscal year.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.